Pacific Inland Bancorp, the holding company for...

Pacific Inland Bancorp, the holding company for Pacific Inland Bank in Anaheim, posted net income of $18,916 for the first quarter, contrasted with a $65,025 loss in last year’s first quarter. Total quarterly income rose 13%, to $2.7 million this year from $2.4 million last year. As of March 31, the company’s assets were $88.7 million, a 20% increase over $73.9 million in assets a year earlier. The bank’s deposits grew 25%, to $76.5 million at the end of the quarter from $61.2 million a year earlier, while total loans increased 13%, to $59.8 million this year from $52.3 million last year. Regarding the company’s two subsidiaries, the bank had pretax operating profits of $120,495, which were dragged down by an operating loss of $58,779 at Trident Investment Management, an investment adviser service.